US trade with the Cayman Islands in the first half of 2017

Published or Updated: Oct 21, 2017

The report on US foreign trade in goods with the Cayman Islands in the first half of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with the Cayman Islands

In the first half of 2017, US trade with the Cayman Islands totaled $503.2 million, up 15.66% ($68.1 million) from the first half of 2016.

US exports to the Cayman Islands in the first half of 2017 totaled $492.2 million, up 30.58% ($115.3 million) from the first half of 2016.

US imports from the Cayman Islands in the first half of 2017 were $11.0 million, down 81.01% ($47.1 million) from the first half of 2016.

US trade surplus with the Cayman Islands in the first half of 2017 was $481.1 million, a 50.94% increase ($162.4 million) over the first half of 2016.

The Cayman Islands was the US 96th largest trading partner in the first half of 2017 (up from 99th in the first half of 2016), accounting for 0.0261% of US total trade (up from 0.0242% in the first half of 2016).

The Cayman Islands was the US 78th largest export market in the first half of 2017 (up from 82nd in the first half of 2016), accounting for 0.0650% of US total exports (up from 0.0530% in the first half of 2016).

The Cayman Islands was the US 151st largest supplier in the first half of 2017 (down from 114th in the first half of 2016), accounting for 0.0009% of US total imports (down from 0.0053% in the first half of 2016).

US Exports to the Cayman Islands

The major share of US exports to the Cayman Islands in the first half of 2017 (and in the first half of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 34.40% of US total exports to the Cayman Islands (11.94% in the first half of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 13.60% of US total exports to the Cayman Islands (18.13% in the first half of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 8.14% of US total exports to the Cayman Islands (9.73% in the first half of 2016);
  • Chemical products (HS codes 28-40) - 3.73% of US total exports to the Cayman Islands (5.86% in the first half of 2016);
  • Metals and products from them (HS codes 72-83) - 3.02% of US total exports to the Cayman Islands (3.91% in the first half of 2016);
  • Precious metals and stones (HS code 71) - 2.70% of US total exports to the Cayman Islands (17.20% in the first half of 2016);
  • Wood and wood products (HS codes 44-49) - 2.15% of US total exports to the Cayman Islands (3.16% in the first half of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.26% of US total exports to the Cayman Islands (1.27% in the first half of 2016).

The largest gains in US exports to the Cayman Islands in the first half of 2017 over the first half of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $123.9 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $1.5 million.

The largest declines in US exports to the Cayman Islands in the first half of 2017 over the first half of 2016 were recorded for the following product groups:

  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $51.5 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $4.0 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $1.7 million;
  • Organic chemicals (HS code 29) - a decrease of $1.6 million.
US exports to the Cayman Islands in the first half of 2017 by product groups
HS
code
Name of product group Value
of exports
in first-half 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
01 Live animals 43.4 0.01 176.0-75.35
02 Meat and edible meat offal 7,627.4 1.55 7,418.22.82
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,934.2 0.39 1,592.621.45
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 2,137.7 0.43 1,805.918.38
05 Products of animal origin, not elsewhere specified or included 20.4 0.00 6.4220.23
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 643.6 0.13 671.5-4.15
07 Edible vegetables and certain roots and tubers 2,718.9 0.55 2,509.78.33
08 Edible fruit and nuts; peel of citrus fruit or melons 1,855.9 0.38 2,109.0-12.00
09 Coffee, tea, maté and spices 716.9 0.15 694.43.23
10 Cereals 967.4 0.20 683.141.62
11 Products of the milling industry; malt; starches; inulin; wheat gluten 150.8 0.03 146.13.26
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 165.7 0.03 81.5103.23
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 14.6 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 445.9 0.09 337.432.16
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 2,427.6 0.49 1,858.030.66
17 Sugars and sugar confectionery 663.6 0.13 464.342.93
18 Cocoa and cocoa preparations 223.4 0.05 198.712.42
19 Preparations of cereals, flour, starch or milk; bakers’ wares 3,573.1 0.73 3,171.212.67
20 Preparations of vegetables, fruit, nuts or other parts of plants 1,829.2 0.37 1,728.85.81
21 Miscellaneous edible preparations 2,369.3 0.48 1,733.636.67
22 Beverages, spirits and vinegar 7,441.9 1.51 7,520.4-1.04
23 Residues and waste from the food industries; prepared animal feed 2,040.0 0.41 1,712.219.15
24 Tobacco and manufactured tobacco substitutes 31.2 0.01 39.6-21.19
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 1,344.7 0.27 951.041.40
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 167,947.7 34.12 44,063.3281.15
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 415.7 0.08 238.174.59
29 Organic chemicals 478.4 0.10 2,060.4-76.78
30 Pharmaceutical products 1,843.3 0.37 1,855.7-0.67
31 Fertilizers 332.3 0.07 395.0-15.86
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 2,330.9 0.47 2,168.17.51
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 3,218.5 0.65 4,176.6-22.94
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 1,259.9 0.26 1,411.4-10.73
35 Albuminoidal substances; modified starches; glues; enzymes 94.3 0.02 141.4-33.28
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 38.0 0.01 36.05.50
37 Photographic or cinematographic goods 11.1 0.00 35.4-68.79
38 Miscellaneous chemical products 2,237.1 0.45 3,911.5-42.81
39 Plastics and articles thereof 5,243.5 1.07 4,383.219.63
40 Rubber and articles thereof 849.6 0.17 1,264.8-32.83
41 Raw hides and skins (other than furskins) and leather 10.6 0.00 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1,790.1 0.36 1,177.652.02
43 Furskins and artificial fur; manufactures thereof 3.2 0.00 8.5-62.25
44 Wood and articles of wood; wood charcoal 6,679.5 1.36 7,612.7-12.26
45 Cork and articles of cork 15.0 0.00 33.6-55.43
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 29.8 0.01 12.3142.09
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 6.5-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 3,001.5 0.61 2,534.818.41
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 848.8 0.17 1,727.1-50.85
52 Cotton 0.0 0.00 11.1-100.00
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 0.0 0.00 4.6-100.00
54 Man-made filaments 12.0 0.00 5.8106.23
55 Man-made staple fibers 12.9 0.00 36.4-64.52
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 59.8 0.01 137.8-56.64
57 Carpets and other textile floor coverings 705.8 0.14 585.520.55
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 23.8 0.00 13.181.26
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 76.7 0.02 63.720.42
60 Knitted or crocheted fabrics 46.3 0.01 34.334.85
61 Articles of apparel and clothing accessories, knitted or crocheted 1,479.5 0.30 988.449.69
62 Articles of apparel and clothing accessories, not knitted or crocheted 795.1 0.16 923.0-13.86
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,969.9 0.40 1,330.148.09
64 Footwear, gaiters and the like; parts of such articles 658.1 0.13 466.641.03
65 Headgear and parts thereof 267.2 0.05 96.9175.83
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 61.7 0.01 53.914.38
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 53.6 0.01 46.016.56
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 1,924.1 0.39 2,837.2-32.18
69 Ceramic products 1,659.3 0.34 1,303.327.31
70 Glass and glassware 2,094.6 0.43 3,422.4-38.80
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 13,298.9 2.70 64,841.9-79.49
72 Iron and steel 1,641.9 0.33 1,704.4-3.67
73 Articles of iron or steel 4,928.3 1.00 4,303.814.51
74 Copper and articles thereof 1,180.6 0.24 771.553.03
75 Nickel and articles thereof 11.4 0.00 5.7101.30
76 Aluminum and articles thereof 3,559.4 0.72 3,998.2-10.97
78 Lead and articles thereof 50.2 0.01 69.1-27.33
79 Zinc and articles thereof 93.2 0.02 26.6250.20
80 Tin and articles thereof 36.4 0.01 22.065.97
81 Other base metals; cermets; articles thereof 158.7 0.03 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 391.6 0.08 522.0-24.98
83 Miscellaneous articles of base metal 2,791.9 0.57 3,303.5-15.49
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 23,601.7 4.80 22,824.93.40
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 19,476.5 3.96 20,113.3-3.17
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 82.5 0.02 59.339.26
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 13,787.9 2.80 12,283.612.25
88 Aircraft, spacecraft, and parts thereof 636.0 0.13 147.9330.16
89 Ships, boats and floating structures 3,778.6 0.77 3,362.512.38
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 5,590.1 1.14 9,542.0-41.42
91 Clocks and watches and parts thereof 3,046.2 0.62 3,214.2-5.23
92 Musical instruments; parts and accessories of such articles 264.3 0.05 77.5241.20
93 Arms and ammunition; parts and accessories thereof 104.0 0.02 26.6291.21
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 12,106.0 2.46 11,897.61.75
95 Toys, games and sports requisites; parts and accessories thereof 2,736.3 0.56 1,491.483.47
96 Miscellaneous manufactured articles 494.0 0.10 545.5-9.44
97 Works of art, collectors’ pieces and antiques 270.0 0.05 89.5201.62

US Imports from the Cayman Islands

The major share of US imports from the Cayman Islands in the first half of 2017 (and in the first half of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 33.46% of US total imports from the Cayman Islands (0.85% in the first half of 2016);
  • Metals and products from them (HS codes 72-83) - 5.07% of US total imports from the Cayman Islands (0.57% in the first half of 2016);
  • Precious metals and stones (HS code 71) - 2.11% of US total imports from the Cayman Islands (89.73% in the first half of 2016).

The largest gains in US imports from the Cayman Islands in the first half of 2017 over the first half of 2016 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $2.3 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.5 million;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $0.4 million;
  • Iron and steel (HS code 72) - an increase of $0.1 million;
  • Clocks and watches and parts thereof (HS code 91) - an increase of $0.1 million;
  • Copper and articles thereof (HS code 74) - an increase of $0.1 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $0.1 million.

The largest declines in US imports from the Cayman Islands in the first half of 2017 over the first half of 2016 were recorded for the following product groups:

  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $52.0 million;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - a decrease of $0.6 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.1 million;
  • Live animals (HS code 01) - a decrease of $0.1 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.1 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $0.1 million;
  • Articles of iron or steel (HS code 73) - a decrease of $0.0 million.
US imports from the Cayman Islands in the first half of 2017 by product groups
HS
code
Name of product group Value
of imports
in first-half 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
01 Live animals 0.0 0.00 78.5-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 8.3 0.08 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 0.0 0.00 124.4-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 4.3-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 7.3-100.00
30 Pharmaceutical products 3.7 0.03 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0.0 0.00 6.7-100.00
38 Miscellaneous chemical products 0.0 0.00 18.9-100.00
39 Plastics and articles thereof 8.7 0.08 62.8-86.11
40 Rubber and articles thereof 0.0 0.00 0.5-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 2.9 0.03 0.0
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 5.0-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 0.4-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 2.1-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1.8 0.02 2.0-11.28
69 Ceramic products 9.0 0.08 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 232.8 2.11 52,193.8-99.55
72 Iron and steel 139.2 1.26 0.0
73 Articles of iron or steel 0.0 0.00 35.0-100.00
74 Copper and articles thereof 190.3 1.72 91.5108.02
76 Aluminum and articles thereof 152.6 1.38 147.63.45
78 Lead and articles thereof 77.9 0.71 51.351.81
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 4.9-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 801.4 7.26 346.4131.37
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 2,416.2 21.87 116.01,983.48
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 370.0 3.35 0.0
89 Ships, boats and floating structures 0.0 0.00 3.9-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 108.2 0.98 28.8275.30
91 Clocks and watches and parts thereof 157.6 1.43 43.6261.20
92 Musical instruments; parts and accessories of such articles 3.0 0.03 0.0
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0.0 0.00 639.7-100.00
95 Toys, games and sports requisites; parts and accessories thereof 5.5 0.05 0.0
97 Works of art, collectors’ pieces and antiques 55.5 0.50 109.7-49.43
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce